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Volkswagen set to plead guilty and pay US$4.3b in deal

Thu, Jan 12, 2017 - 5:50 AM

Volkswagen is on the verge of pleading guilty to criminal charges and paying US$4.3 billion in fines, in a deal that would resolve a federal criminal investigation into its cheating on vehicle emissions tests, the carmaker said on Tuesday.

PHOTO: AFP

New York

VOLKSWAGEN is on the verge of pleading guilty to criminal charges and paying US$4.3 billion in fines, in a deal that would resolve a federal criminal investigation into its cheating on vehicle emissions tests, the carmaker said on Tuesday.